Farmer Welfare Levels Decline Again in May 2022

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Viva Budy Kusnandar 02/06/2022 18:20 WIB

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Farmers' welfare is projected to decline again in May 2022. This is reflected in the weakening of the Farmer Exchange Rate (NTP) over the past two months.

Combined Farmer Exchange Rate Index (January 2021–May 2022)

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Farmer Welfare Levels Decline Again in May 2022

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Combined Farmer Exchange Rate Index (January 2021–May 2022)

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Farmers' welfare levels are projected to decline again in May 2022. This is reflected in the weakening of the Farmer Exchange Rate (NTP) over the past two months.

The Central Statistics Agency (BPS) reported that the combined NTP fell by 2.81% to 105.41 in May 2022 compared to the previous month.

This decline is the second consecutive decline since April 2022, impacted by the arrival of Ramadan and the long Eid al-Fitr holiday.

The significant decrease was triggered by a 9.29% drop in the People's Plantation Crops NTP to 123.56 in May 2022 compared to the previous month.

The Food Crops NTP also fell by 0.11% to 97.58 in May 2022, and the Fish Farming NTP decreased by 0.33% to 105.25 the previous month.

Farmers' welfare levels last month also decreased due to a 0.32% increase in the Production Cost and Capital Goods Addition Index (BPPBM) to 111.5 in May 2022.

The commodities contributing to the increase in BPPBM include urea, shallot seeds, and gasoline.

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."